David Fairfull. File photo The returns to creditors from Australian startup Metigy look thin, with staff entitlements now being paid via afederal government scheme,as the corporate regulator ASIC investigates suspected insolvent trading. The now collapsed machine-led marketing platform owed an estimated $32,366,606.84,according to the liquidators in documents filed to ASIC. The liquidators are stil to…
DetailsThe Insolvency Service issued a Call For Evidence (CfE) in July 2022, asking a wide range of questions about personal insolvency in England and Wales: The purpose of this document is to seek evidence that will help inform the Government on whether the current personal insolvency framework is still fit for purpose and, if not,…
DetailsLimited liability of shareholders is an important feature of modern companies. Article 3.1 of the Company Law provides that the liability of a shareholder shall be limited to the amount of their capital contribution/the number of their subscribed shares. However, under special circumstances, such as when a shareholder neglects to fulfil liquidation obligations, resulting in…
DetailsTripe MMM have defaulted on their payments Upon completion, the development is expected to be valued at $155 million The builder, ADCO, remains committed to the project Merricks Capital has announced today that it has placed the Melbourne Place hotel development project into voluntary administration following payment defaults by the developer, Triple MMM Holdings Pty…
DetailsThe company was listed in June 2019 Covid saw the company’s fiscal position collapse Along with Covid, disputes with landlords also contributed to its demise Victory Offices Limited (ASX: VOL) has announced it has entered into voluntary administration. The announcement comes just three years after the company was listed on the ASX, back in June…
DetailsSupplied Business partners Josh Emett and Fleur Caulton pictured outside Queenstown’s Rata restaurant. (File photo) The Madam Woo restaurant chain, founded by celebrity chef Josh Emett and restaurateur Fleur Caulton, has been put into voluntary administration as part of hospitality group Go To Collection. Malcolm Hollis and John Fisk of PwC were appointed administrators by…
DetailsDonelon: Claims of insurance crisis in Louisiana true Published 4:36 am Wednesday, November 23, 2022 Louisiana Insurance Commissioner Jim Donelon speaks during the American Press Insurance Claim Town Hall on July 29, 2021, at Eastwood United Pentecostal Church. (Rick Hickman / American Press) Since the double-punch of Hurricanes Laura and Delta in 2020, 11 residential…
DetailsBinance.US has relaunched interest in acquiring the insolvent crypto lender Voyager Digital and is preparing to bid for the bankrupt lending platform. Key Takeaways Binance.US, an annex of the world’s largest crypto exchange, makes a bid to acquire Voyager, a crypto lending firm. Voyager reopened the auction process as FTX.US the former bid winnerbecame insolvent…
DetailsCeltic Tiger real estate investor Derek Quinlan has declared himself bankrupt in a London court still owing a portion of the debt taken over by the National Asset Management Agency (Nama). r Quinlan, once one of Irelands richest men, was Namas biggest debtor when it was set up in 2009 and owed billions on failed…
DetailsDavid Fairfull, founder of adtech startup Metigy, which collapsed into administration in July, just 20 months after raising $20 million in a Series B, has been declared bankrupt, amid regulator ASIC taking a closer look at potential insolvent trading in the company. AdNews reports that Fairfull went bankrupt this month his second bankruptcy following a…
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